China's Debt Paydown Is Working, If You Know Where to Look
- From WMPs to lending to non-banks, evidence shows de-risking
- Deleveraging will be real focus next year: Deutsche Asset
JPMorgan's Ulrich Says Structural Reform Central to China
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China’s deleveraging campaign has yet to satisfy the country’s central bank chief, but evidence shows that there are significant areas of progress.
In the wake of People’s Bank of China Governor Zhou Xiaochuan’s call last week for "further efforts" to reduce financial risks, and with President Xi Jinping tightening his grip on China’s power structure, the campaign is tipped to broaden in the coming year.